RBNZ's Spencer says Bank to review macroprudential policies with Treasury
Reserve Bank of New Zealand Governor Grant Spencer speech "Getting the best out of macro-prudential policy"
- Bank to review macroprudential policies with Treasury
- Spencer keen to see macro-pru develop as a credible and sustainable policy
Macroprudential policies (to limit lending, eg. on housing investment) are somewhat of an alternative to the more blunt measure of hiking interest rates.
NZD off a few tics
Text is here RBNZ Governor supports macro-prudential policy
Spencer is 'acting' Governor until March 27, when Adrian Orr will begin a five-year term as governor